So knowing the market, mood, etc, is a big part of the letter game, or all advertising in that matter frankly.

LTV / Amortization: Sub-notes written under the Master line of credit will be limited to the lesser of 80% of an as-improved appraised value or 90% of the proposed cost of acquisition and improvements (“cost of acquisition and improvements” will exclude: projected interest expense, referral fees, and/or projected profit).

I'm not sure what problem they think it solves to tax people for taking a risk to improve a property.

I still have to battle the city who think the Sanitation and Park & Rec fees do not apply but the transportation corridor and transportation impact and improvement fees do apply.  

Even if your proficient, its great to review other techniques to see where you can improve.

@Marcele JohnsonRochester is hot right now due to the influx of state and Mayo clinic funding for city improvements.

If you build it for more or sell it for less, you spent a year and a half of your life improving a neighborhood.

Can we expect to get more in rent with these exterior improvements?

It's a pretty small investment for a good return IMO - the improvement will be once and done.The other poster mentioned it might be a 3 prong / 4 prong issue.

Don’t over improve because you won’t get it back.